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Equity Linked Saving Schemes or ELSS Mutual Funds for Section 80C Tax Saving

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ELSS

Mutual funds Equity Linked Saving Schemes (ELSS) have the shortest lock-in period of three years among all the tax-saving options under Section 80C. But this should not be the most important reason for investing in this avenue. Being equity funds, these schemes can generate good returns for investors over the long term. The minimum investment in ELSS funds is very low.

 

Though regular equity mutual funds have a minimum investment of `5,000, you can put in as little as `500 in an ELSS scheme. Unlike a Ulip, pension plan or insurance policy , there is no compulsion to continue investments in subsequent years.To make most of ELSS funds, stagger your investment over a period of time instead of all in one go.

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